African governments need to come up with policies that will unlock private investments in agriculture to boost transformation in the sector and become key driver of growth and development, former President Jakaya Kikwete has said.

The Tanzania Electric Supply Company Limited (Tanesco) has saved 2.7bn/- in six years after reducing 20 per cent of power outages.

The company’s deputy managing director (Investment), Decklan Mhaiki, revealed this at the weekend when briefing journalists on the goals attained by the firm during implementation of its capacity-building project which was supported by the Japan International Cooperation Agency (JICA).

BABATI District Council has endorsed a budget of 22bn/- towards financing various development activities. Babati District Executive Director, Mr Reuben Mfune, said the money would be raised from various sources, but a huge chunk would come from the central government’s subsidy amounting to 13.3bn/-.

Also, they were acknowledged for impressing multicultural phenomena which later on will enable easier working and living together as one society among Chinese and Tanzanian citizens.

These remarks were made by Dodoma Regional Commissioner, Ms Chiku Galawa, who was Chief Guest at an event for awarding certificates of appreciation to Chinese Volunteers who have been working in the country.

A Vietnam based telecommunication Company known as Viettel is set to invest over USD 1 billion, which is more than 1.7trn/- in telecommunication and other services in Tanzania in a move to improve the sector.

Tanzania Investment Centre (TIC) has assured devoted cooperation with foreign investors who will partner with local businessmen in exploring business opportunities in the country. The pledge was made on Monday by TIC Senior Investment Officer, cduring a meeting with a business delegation from the US, organised by the Commission for Science and Technology (COSTECH).

In a move to strengthen political and socio-economic ties, Tanzania and China have signed a new economic pact in which the two countries are set to initiate multibillion dollar projects geared to fast-track development of small and large scale clusters of economic activities in the country.

TANZANIA’S Ambassador to Belgium, Luxemburg and the European Union (EU), Dr Diodorus Kamala, has asked the first black personality in the Belgian Parliament, Mr Bertin Mampaka, to highlight Tanzania’s investment opportunities in the European House of Representatives. Dr Kamala made the request when he met Mr Mampaka during his weekend tour of parts of Belgium.

DUTCH investors have doubled in Zanzibar due to conducive environment. This was disclosed when the Dutch ambassador to Tanzania Mr Jaap Frederiks met with President Ali Mohammed Shein at the State House here recently.

Investment in the financial sector is the basis to sustainable development of all other sectors of the economy and authorities are urged to create conducive environment for the sector’s growth and expansion.